trending Market Intelligence /marketintelligence/en/news-insights/trending/_fSTKgj0s0EbSgRynwiwQA2 content esgSubNav
In This List

Shake Shack swings to loss in fiscal Q2


Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally


IR In Focus | Episode 1 - Digital Innovation to Drive Investor Engagement

The Cobalt Expansion Drive Is A Copper Story


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Shake Shack swings to loss in fiscal Q2

Shake Shack Inc. said its normalized net income for the fiscal second quarter ended July 1 amounted to a loss of 1 cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

The per-share result swung to a loss from the prior-year profit of 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $177,000, compared with income of $1.3 million in the second quarter ended June 25, 2014.

The normalized profit margin dropped to negative 0.4% from 4.7% in the year-earlier period.

Total revenue rose 74.7% year over year to $48.5 million from $27.7 million, and total operating expenses climbed 65.0% year over year to $42.2 million from $25.6 million.

Reported net income fell 41.0% year over year to $1.1 million, or 8 cents per share, from $1.8 million, or 6 cents per share.